UPCOMING EVENTS

Fastly, a content delivery network (CDN) provider, has announced a $50 million series E round of funding led by Sorenson Capital, with participation from Sapphire Ventures, Iconiq Capital, Amplify Partners, August Capital, O’Reilly AlphaTech Ventures (OATV), and IDG Ventures.

Founded out of San Francisco in 2011, Fastly’s cloud-based edge platform helps content-focused companies, including the New York Times, Airbnb, Spotify, and Pinterest, operate globally at scale with protection from external security threats and minimal downtime.

CDNs essentially operate by hosting a network of proxy servers in a number of different regions around the world so that end-users can access the content quickly.

Fastly has now raised around $180 million in total, including a $75 million round less than two years ago. With its latest cash injection, the company says it plans to support continued growth in products and services, while also expanding into new markets.

Fastly also reports that it has achieved more than 100 percent annualized revenue growth, based on the last two quarters, and is “quickly approaching” the break-even point, according to a statement issued by the company.